I would like to ask you for a favour. Do you remember in which acca paper revenue recognition principle and matching principle are introduced and explained ?
Hi Rafa
Not answering your question I know, but a word of caution if you are doing AAT. Remember with AAT they do it in little steps so they add layers into your learning as you movew along. If you go straight for the ACCA stuff then you might find you cant answer the AAT questions. May sound daft but the ACCA will be all or nothing correct answer, whereas the AAT part you are actually covering in your studies might be looking for a small part of an answer (small cog in a large machine type thing!) Hope that makes sense. Failing that if you really want to learn that part of the ACCA syllabus I would just search for that small part of it on the Open tuition site so you arent getting bogged down with the rest of the content.
HTH
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
My question doesn't have anything to do with aat I do at the moment. Yes , they teach me how to walk at the moment but sometimes I would like to know a bit about how to run. I am impatient person i think. I know accountancy is about laws but it is going to take some time before I start learning something more complicated. I am happy I am learning aat anyway. You have to know basics well first if you want to do more complicated stuff later.
Actually.... Papers F3, F7 and P2 plus to a certain extent F8 and P7 all cover revenue recognition but the one that you are thinking of is F3.
IAS18 has been superseded now by IFRS15 but the principles remain pretty constant. There is a free course on Udemy on IAS18 from Tabaldi accounting education where you get a certificate (that you need to print yourself) at the end of it. (also free courses on IAS1, IAS8, IAS16, IAs12 and IAS37. For a change for a free course it seems to be from an instructor who has actually worked as an accountant in the real world as it's all given using practical examples). I've done all of those as CPD and they're not too bad... Although you may need to keep going back a few mins and redoing some sections.
I can completely see Joanne's point but I can also confirm that Kaplan study texts for ACCA take much the same approach as for AAT. Starting simple the building with repetition and added complication. Personally I don't think that knowing too much should hurt you. Certainly I know that Spammy passed AAT with flying colours using ACCA training materials (again, open tuition free lectures).
I personally would do the ACCA paper F3 lectures end to end even for AAT but thats just me who wants to take everything appart to find out not just how it works but why.
kindest regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Actually.... Papers F3, F7 and P2 plus to a certain extent F8 and P7 all cover revenue recognition but the one that you are thinking of is F3.
IAS18 has been superseded now by IFRS15 but the principles remain pretty constant. There is a free course on Udemy on IAS18 from Tabaldi accounting education where you get a certificate (that you need to print yourself) at the end of it. (also free courses on IAS1, IAS8, IAS16, IAs12 and IAS37. For a change for a free course it seems to be from an instructor who has actually worked as an accountant in the real world as it's all given using practical examples). I've done all of those as CPD and they're not too bad... Although you may need to keep going back a few mins and redoing some sections.
I can completely see Joanne's point but I can also confirm that Kaplan study texts for ACCA take much the same approach as for AAT. Starting simple the building with repetition and added complication. Personally I don't think that knowing too much should hurt you. Certainly I know that Spammy passed AAT with flying colours using ACCA training materials (again, open tuition free lectures).
I personally would do the ACCA paper F3 lectures end to end even for AAT but thats just me who wants to take everything appart to find out not just how it works but why.
kindest regards,
Shaun.
Don't get me wrong. I'm all for learning as much as possible about each subject, just the timing of some of the additional research can cause issues with requirements under exams being done (eg when the discount rules changed but exams still cover the old regs), hence by words of caution (as opposed to being completely anti the idea)
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
